🌌Super Shock! Solana trading surges past 40 billion, from $145 to $165? 🚀😱
Solana (SOL) on-chain transactions have exceeded 40 billion, setting a new historical high! The price is oscillating around the support level of $145; is this the calm before the bull market or a pullback trap?
⚡ On-chain Frenzy:
Transaction Surge: The milestone of 40 billion transactions has been achieved, with DEX weekly trading volume soaring by 44% to $21 billion!
Capital Influx: On April 28, hot money inflow reached $9.46 billion, net increasing by $4.72 billion over seven days, igniting a speculative frenzy!
Ecosystem Rise: The user and developer base is surging, with Solana standing tall among Layer 1, demonstrating unbeatable resilience!
📊 Technical Battle:
$145 Lifeline: The 50-day moving average on the 4-hour chart is providing support; if it breaks below $145, it may slide towards $137!
Bull Market Window: Holding above $145 and breaking $155 could propel it to $165!
Head and Shoulders Crisis: The $145 neckline is precarious, with selling pressure threatening short-term trends!
🧠 My Insight:
The 40 billion transactions and influx of hot money indicate an explosion for SOL! $145 is the battleground for bulls and bears; breaking above $155 could trigger a rally, while losing it could test $137! The ecosystem's strong support suggests a long-term bullish outlook!
💬 Do you dare to bet?
Buy the dip at $145 aiming for $165?
Or wait for confirmation above $155?
The Solana storm is sweeping in, the peak is near! 🔥